Sunland Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are...
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Sunland Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Sunland: Time Charges Material Loading Charges Technicians' wages and benefits $234,300 Parts manager's salary and benefits $34,905 Office employee's salary and benefits 49,700 14,320 Other overhead 21,300 19,690 Total budgeted costs $305,300 $68,915 The company wants a $40 profit margin per hour of labour and a 30% profit margin on parts. It has budgeted for 7,100 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $358,000. (a) Calculate the rate charged per hour of labour. Rate charged $ per hour
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